There should be a housing collapse, as many of these same people didn't bother paying their mortgage/rent for more than a year - and I sincerely doubt they saved their money for the lump sum that is due to prevent foreclosure.
So, I expect to see a huge housing bubble collapse.
There should be a housing collapse, as many of these same people didn't bother paying their mortgage/rent for more than a year - and I sincerely doubt they saved their money for the lump sum that is due to prevent foreclosure.
So, I expect to see a huge housing bubble collapse.